My husband and I are getting closer to an exchange on a house in Bingham and my mum and dad have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has been received from someone other than me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?

Your lawyer is duty bound to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.

When it comes to mortgage companies such as Barclays, do Bingham conveyancers incur a fee to be on the list of approved solicitors?

We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.

I had a mortgage agreed in principle with Skipton. Bingham conveyancing practitioners were selected. How long does it take for Skipton to forward the offer to the lawyer?

Some lenders take longer than others. Have Skipton completed the valuation? Have you advised Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

HSBC have agreed my home loan in principle, my bid on a house in Bingham has been agreed to, now what?

Your estate agent will wish to know who your solicitors are (make sure the property lawyers are on the lender’s approved list). Telephone HSBC or your financial adviser and finalise any relevant forms. HSBC will appoint a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. HSBC will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bingham.

Over the last few months I have been searching for a flat up to £305k and found one close by in Bingham I like with amenity areas and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Bingham suitable, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a home loan the remaining unexpired lease term may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.

I am a couple of weeks into a leasehold purchase having been directed to solicitors by the estate agent to handle our conveyancing in Bingham. I am not happy. Can you you assist me in finding new lawyers?

A solicitor would need to be really poor to suggest diss instructing them. Has the loan offer been sent? In the event that it has you need to make them aware of the new conveyancer and ensure the offer are issued to the new lawyers. Your new solicitor ideally should be on the banks panel to avoid supplemental expenses and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool will help you find a bank approved solicitor for your home move in Bingham

What are your top tips when it comes to choosing a Bingham conveyancing firm to deal with our lease extension?

When appointing a property lawyer for lease extension works (regardless if they are a Bingham conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Bingham conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:

If they are not ALEP accredited then why not? What volume of lease extensions has the firm carried out in Bingham in the last 12 months?

Leasehold Conveyancing in Bingham - A selection of Queries Prior to buying

Where a Bingham lease has no more than eighty years it will impact the salability of the property. Check with your lender that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely need a lease extension sooner rather than later and it is worth finding out what this would cost. For most Binghamlease extensions you will be required to have owned the property for two years before you are eligible to exercise a lease extension. This question is important as a) areas can cause problems in the block as the common areas may start to deteriorate if repairs remain unpaid b) if the tenants have a dispute with the managing agents you will need to have complete disclosure What prohibitions exist in the Bingham Lease?